Tescos drop a Pin

From 14 th February, most shops and petrol stations will not accept

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signatures from customers who use a chip and pin credit card - with one major exception. Tescos (home insurance quotes) are planning to continue to accept without pin numbers. (life insurance)

Tesco clients buying at their check-outs and petrol stations can ( medical insurance ) spend up to £60, simply by swiping their debit and credit cards through an old fashioned card reader. Pins and signatures will not be required. (mortgage quotations)

This means that the criminal fraternity can continue to use cloned or stolen cards up ( secured loans ) to and beyond the 14 th February deadline. A spokesman for Tescos said " we see low levels of fraud in these areas and if someone uses a card which has ( personal loans ) been notified as stolen, it will be rejected".

(Cheap mortgage)

Click here for part 2 (life assurance)